International payments company Nium launches Crypto-as-a-Service (CaaS) platform to provide financial institutions with the ability to invest in cryptocurrency.
According to Nium, the platform will initially support five cryptocurrencies, including BTC, ETH, LTC and USDP stablecoin. By 2022, the list will be expanded to 20 cryptocurrencies in 35 countries. Nium customers will be able to integrate services for buying, selling and storing digital assets using APIs.
“Our clients are looking for new ways to differentiate their assets through financial services. Through seamless API-based connections, we offer them access to cryptocurrency payments and card issuance, ”said Nium Co-Founder and CEO Prajit Nanu.
In addition, the company will provide its Banking-as-a-Service solution for payments and card issuance to US customers. Nium supports payments in over 100 currencies in 190 countries and has issued 31 million physical and virtual cards.
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